Swiss CPI -0.4 MoM/FX Reserves Down

Author: David Horton | Category: News

against expected +0.1

Y/Y came in at 0.5 against expectation of 1.0

USD/CHF trades 34 pips off the low at 1.0595

EUR/CHF trades 1.3318 after an earlier low of 1.3282

Swiss Fx reserves dropped CHF 6.3bn after the SNB dropped their intervention policy last month. Gold reserves rose by a similar amount, CHF 5.9bn

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